📝 Executive Summary
Crude oil benchmarks held onto a two-day advance as traders navigated conflicting signals from US-Iran peace negotiations. The discordant reports — ranging from diplomatic progress to stalled talks — injected uncertainty into the supply outlook, with the potential return of sanctioned Iranian barrels hanging in the balance. While the absence of a breakthrough helped sustain the recent rally, cautious sentiment prevailed as markets awaited clearer guidance. Muted trading followed the prior sessions' gains, with investors reluctant to add positions before more concrete diplomatic developments emerge.